Raiffeisen Bank International AG (RAW.DE)
- Reuters
RPT-EXPLAINER-Austria's Raiffeisen faces US wrath over Russian business
The U.S. Treasury has warned Austria's Raiffeisen Bank International (RBI) that its access to the U.S. financial system could be restricted because of its Russian dealings, according to a person who has seen a letter detailing the threat. The May 6 letter is the strongest warning yet to the biggest Western bank in Russia and follows months of pressure from Washington, and Europe, as they try to toughen up sanctions against Russia and further squeeze it financially. RBI this month abandoned a $1.5 billion deal linked with a sanctioned Russian tycoon that the U.S. opposed.
- Reuters
Austria's Raiffeisen faces US wrath over Russian business
LONDON/FRANKFURT (Reuters) -The U.S. Treasury has warned Austria's Raiffeisen Bank International (RBI) that its access to the U.S. financial system could be restricted because of its Russian dealings, according to a person who has seen a letter detailing the threat. The May 6 letter is the strongest warning yet to the biggest Western bank in Russia and follows months of pressure from Washington, and Europe, as they try to toughen up sanctions against Russia and further squeeze it financially. RBI this month abandoned a $1.5 billion deal linked with a sanctioned Russian tycoon that the U.S. opposed.
- Reuters
EXPLAINER-Austria's Raiffeisen faces US wrath over Russian business
The U.S. Treasury has warned Austria's Raiffeisen Bank International (RBI) that its access to the U.S. financial system could be restricted because of its Russian dealings, according to a person who has seen a letter detailing the threat. The May 6 letter is the strongest warning yet to the biggest Western bank in Russia and follows months of pressure from Washington, and Europe, as they try to toughen up sanctions against Russia and further squeeze it financially. RBI this month abandoned a $1.5 billion deal linked with a sanctioned Russian tycoon that the U.S. opposed.
